GROVO CONSULTING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GROVO CONSULTING
Largest movements
- Cash -€872,165
down €872,165 (-82.9%), from €1.1m to €180,391
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€208,078)
- Tangible fixed assets +€857,284
up €857,284 (+48.1%), from €1.8m to €2.6m
of which Land and buildings: +€865,004
- Current investments +€115,000
up €115,000 (+21.5%), from €535,000 to €650,000
- Receivables within one year -€56,693
down €56,693 (-91.5%), from €61,974 to €5,281
of which Other amounts receivable: -€49,193
- Receivables after one year +€50,000
up €50,000 (+10.0%), from €500,000 to €550,000
- Trade debts +€501,437
up €501,437 (+8,292%), from €6,047 to €507,484
- Reserves -€208,078
down €208,078 (-7.2%), from €2.9m to €2.7m
of which Distributable reserves: -€208,078
- Debts after one year -€169,430
down €169,430 (-20.2%), from €839,005 to €669,576
- Depreciation +€168,216
up €168,216 (+190%), from €88,337 to €256,554
- Other operating charges -€12,754
down €12,754 (-45.0%), from €28,359 to €15,605
- Financial income +€12,155
up €12,155 (+65.2%), from €18,657 to €30,811
- Taxes -€12,012
down €12,012 (-94.0%), from €12,781 to €769
- Gross operating margin +€3,348
up €3,348 (+5.1%), from €66,027 to €69,376
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,948,665 | €4,046,831 | +€98,166 | +2.5% |
| Fixed assets | 21/28 | €1,781,483 | €2,638,767 | +€857,284 | +48.1% |
| Tangible fixed assets | 22/27 | €1,781,483 | €2,638,767 | +€857,284 | +48.1% |
| Land and buildings | 22 | €1,684,303 | €2,549,307 | +€865,004 | +51.4% |
| Plant, machinery and equipment | 23 | €2,123 | €6,108 | +€3,985 | +188% |
| Furniture and vehicles | 24 | €95,056 | €83,352 | -€11,704 | -12.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,167,182 | €1,408,064 | -€759,118 | -35.0% |
| Amounts receivable after more than one year | 29 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Other amounts receivable | 291 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Amounts receivable within one year | 40/41 | €61,974 | €5,281 | -€56,693 | -91.5% |
| Trade receivables | 40 | €7,500 | €0 | -€7,500 | -100% |
| Other amounts receivable | 41 | €54,474 | €5,281 | -€49,193 | -90.3% |
| Current investments | 50/53 | €535,000 | €650,000 | +€115,000 | +21.5% |
| Cash at bank and in hand | 54/58 | €1,052,556 | €180,391 | -€872,165 | -82.9% |
| Deferred charges and accrued income | 490/1 | €17,652 | €22,392 | +€4,740 | +26.8% |
| Total equity and liabilities | 10/49 | €3,948,665 | €4,046,831 | +€98,166 | +2.5% |
| Equity | 10/15 | €2,895,259 | €2,687,181 | -€208,078 | -7.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,876,709 | €2,668,631 | -€208,078 | -7.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,876,709 | €2,668,631 | -€208,078 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,053,406 | €1,359,649 | +€306,244 | +29.1% |
| Amounts payable after more than one year | 17 | €839,005 | €669,576 | -€169,430 | -20.2% |
| Financial debts | 170/4 | €839,005 | €669,576 | -€169,430 | -20.2% |
| Amounts payable within one year | 42/48 | €212,400 | €688,074 | +€475,673 | +224% |
| Current portion of amounts payable after more than one year | 42 | €171,539 | €172,741 | +€1,202 | +0.7% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100% |
| Credit institutions | 430/8 | €15,000 | €0 | -€15,000 | -100% |
| Trade debts | 44 | €6,047 | €507,484 | +€501,437 | +8,292% |
| Suppliers | 440/4 | €6,047 | €507,484 | +€501,437 | +8,292% |
| Taxes, remuneration and social security | 45 | €19,814 | €7,848 | -€11,966 | -60.4% |
| Taxes | 450/3 | €19,814 | €7,848 | -€11,966 | -60.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,337 | €256,554 | +€168,216 | +190% |
| Other operating charges | 640/8 | €28,359 | €15,605 | -€12,754 | -45.0% |
| Gross operating margin | 9900 | €66,027 | €69,376 | +€3,348 | +5.1% |
| Operating profit (loss) | 9901 | -€50,669 | -€202,783 | -€152,114 | -300% |
| Financial income | 75/76B | €18,657 | €30,811 | +€12,155 | +65.2% |
| Recurring financial income | 75 | €18,657 | €30,811 | +€12,155 | +65.2% |
| Financial charges | 65/66B | €32,238 | €35,337 | +€3,099 | +9.6% |
| Recurring financial charges | 65 | -€37,444 | €35,337 | +€72,780 | |
| Non-recurring financial charges | 66B | €69,682 | €0 | -€69,682 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€64,251 | -€207,308 | -€143,058 | -223% |
| Income taxes | 67/77 | €12,781 | €769 | -€12,012 | -94.0% |
| Profit (loss) for the period | 9904 | -€77,032 | -€208,078 | -€131,046 | -170% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,032 | -€208,078 | -€131,046 | -170% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.